#General Authority for Statistics

Saudi Arabia’s Q1 GDP contracts by 1.7%

Saudi Arabia’s Q1 GDP shrinks estimated 1.7% YoY

Oil activities were down 11.2 per cent in the first quarter versus the previous year, while non-oil GDP grew 3.4 per cent year on year

Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs

Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs

The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago

Saudi Arabia’s real GDP contracts 0.8% in 2023

Saudi Arabia’s real GDP shrinks 0.8% in 2023, oil sector weighs

The latest data shows that the economy contracted by 4.3 per cent in Q4 2023 after a 16.2 per cent year-on-year decrease in oil activities

saudi arabia GDP

Saudi Arabia’s real GDP contracts 3.7% Q4 2023

The preliminary data shows that Saudi Arabia’s economy contracted at a slower pace in Q4 2023 after a decline of 4.4 per cent in the previous quarter

Saudi inflation eases further in December to 1.5%

Saudi inflation continues to ease in December to 1.5%

The statistics authority said rental prices increased by 9 per cent in December 2023

Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

unemployment

Saudi unemployment falls to lowest since 2008 as economy booms

Citizen unemployment peaked at over 15 per cent at the height of the pandemic in mid-2020 and has since fallen almost every quarter

Saudi Arabia’s inflation rate surged to 6.1% in July on VAT hike

Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1

Saudi unemployment rises in Q1, 234,000 foreign workers leave jobs

The exodus comes after more than 277,000 expats left their jobs in the fourth quarter